Boyd Gaming director awarded 2,347 RSU shares

Bailey John Robert reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

Bailey John Robert reported acquisition or exercise transactions in this Form 4 filing.

Boyd Gaming Corp director John Robert Bailey, through the JRB-TAT Bailey Family Trust, received an award of 2,347 shares of common stock on May 7, 2026. The shares came from fully vested Restricted Stock Units granted for no cash consideration under the company’s 2020 Stock Incentive Plan. Following this award, the trust’s indirect holdings increased to 29,858 shares of Boyd Gaming common stock.

Insider Trade Summary

Grant/Award: 2,347 shares

Grant/Award 1 txn

Insider Bailey John Robert

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	2,347	$0.00	$0.00

Holdings After Transaction: Common Stock — 29,858 shares (Indirect, By Trust)

Footnotes (2)

1. F1. The Restricted Stock Units ("RSUs") were granted to the Reporting Person for no consideration under Issuer's 2020 Stock Incentive Plan. The RSUs fully vested, and one share of Issuer common stock was issued for each RSU, on the date of grant.
2. F2. By the JRB-TAT Bailey Family Trust.

Key Figures

Shares acquired: 2,347 shares Price per share: $0.00 per share Post-transaction holdings: 29,858 shares +1 more

4 metrics

Shares acquired 2,347 shares Common stock issued upon RSU vesting on May 7, 2026

Price per share $0.00 per share RSUs granted for no consideration

Post-transaction holdings 29,858 shares Indirect holdings by JRB-TAT Bailey Family Trust after award

Transaction date May 7, 2026 Grant and vesting date of Restricted Stock Units

Key Terms

Restricted Stock Units, 2020 Stock Incentive Plan, indirect, By Trust, +1 more

5 terms

Restricted Stock Units financial

"The Restricted Stock Units ("RSUs") were granted to the Reporting Person for no consideration"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

2020 Stock Incentive Plan financial

"under Issuer's 2020 Stock Incentive Plan"

indirect financial

"ownership_type: "indirect", nature_of_ownership: "By Trust""

By Trust financial

"direct_or_indirect: "I", nature_of_ownership: "By Trust""

grant, award, or other acquisition financial

"transaction_code_description: "Grant, award, or other acquisition""

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Boyd Gaming (BYD) director John Robert Bailey report on this Form 4?

John Robert Bailey reported receiving 2,347 Boyd Gaming common shares through fully vested Restricted Stock Units. The shares were issued to the JRB-TAT Bailey Family Trust under the 2020 Stock Incentive Plan, increasing the trust’s indirect holdings to 29,858 shares.

How many Boyd Gaming (BYD) shares were acquired in this reported transaction?

The filing shows an acquisition of 2,347 shares of Boyd Gaming common stock. These shares were issued upon vesting of Restricted Stock Units, with one common share delivered for each RSU granted under the 2020 Stock Incentive Plan.

Did John Robert Bailey pay cash for the Boyd Gaming (BYD) shares received?

No cash was paid for these shares. The footnote explains that the Restricted Stock Units were granted for no consideration, and one share of common stock was issued for each RSU when they fully vested on the grant date.

Who holds the Boyd Gaming (BYD) shares reported in this Form 4?

The shares are held indirectly by the JRB-TAT Bailey Family Trust. The Form 4 lists ownership type as indirect, "By Trust," indicating the trust is the holder associated with director John Robert Bailey’s reported position in Boyd Gaming common stock.

What is John Robert Bailey’s indirect Boyd Gaming (BYD) share balance after this award?

After the reported award, indirect holdings total 29,858 shares of Boyd Gaming common stock. This figure reflects the position attributed to the JRB-TAT Bailey Family Trust following the grant and immediate vesting of 2,347 Restricted Stock Units into common shares.

What plan governed the Restricted Stock Unit grant for Boyd Gaming (BYD)?

The Restricted Stock Units were granted under Boyd Gaming’s 2020 Stock Incentive Plan. According to the disclosure, the RSUs fully vested on the grant date, and each RSU converted into one share of Boyd Gaming common stock held by the family trust.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 05/11/2026 - 01:06 PM EDT Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
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hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Bailey John Robert

(Last) (First) (Middle)

6465 S. RAINBOW BLVD.

(Street)

LAS VEGAS NEVADA 89118

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
BOYD GAMING CORP [ BYD ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/07/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	05/07/2026		A		2,347(1)	A	$0(1)	29,858	I	By Trust(2)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. The Restricted Stock Units ("RSUs") were granted to the Reporting Person for no consideration under Issuer's 2020 Stock Incentive Plan. The RSUs fully vested, and one share of Issuer common stock was issued for each RSU, on the date of grant.

2. By the JRB-TAT Bailey Family Trust.

	Uri Clinton, Attorney-in-Fact for John R. Bailey	05/11/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)